Re: Bitcoin dominance hits 66.5%, alts lagging behind

History is being made. The Bitcoin dominance has crossed the two-third level and now it is being measured at 67.8%. All the altcoins are at record lows, with Ethereum trading at BTC0.0197 and Litecoin trading at BTC0.00837. XRP is down to 2,755 Satoshis. I won't be too surprised if the Bitcoin dominance climbs to 75% or even 80% by the end of this year.

In just four days since I made this post, the Bitcoin dominance increased by another 1.7%, to end up at 69.5%. The altcoins are not just losing their value against Bitcoin. They are losing value against the US Dollar as well. In just one and half months, the price of Ethereum has fallen from $325 per coin to just $210 per coin. During the same period, Litecoin went from $140 to $85 per coin.

It's party time for the Bitcoin holders!!!

My question is how the fuck can an ethereum gas token be worth over $200? Like, who the fuck is buying at that price when it's only use case (scam icos) are no longer a use case?

Its the second largest market cap coin and its actually a great coin however it has issues like most coins. I think the reason why the price is struggling to rally is due to ICOs dumping their coins (if they still have them) and its miners who are dumping their coins to pay for their overpriced 1080TI rigs that they bought in 2018.

One issue with ETH at the moment is due to the devs and they always delay and postpone they work. They have been promising POS since 2016 and still haven't delivered. Same with that ProgPOW switch which they meantioned a few months back, they still haven't provided an update whether they will go live with it or not.

Its problems like this why the price is struggling and the ratio keeps dropping lower and lower and at this rate, I wouldn't be surprised if we hit 0.01 ETHBTC within the next few months.